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Fed indicates it's prepared 'to leave tap running'
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The US central bank, the Federal Reserve, did a very big thing this afternoon. It announced it was to buy debt on the open market "as necessary" as well as a whole range of lending programmes for different business sectors, including small businesses.
The phrase "big bazooka" is sometimes used to describe a massive intervention by a central bank which blasts fears about debt levels by flooding the market with money.
Today’s move by the Fed was more than a big bazooka. The Fed has indicated it’s prepared to leave the tap running. This means it’s going to ensure that all bonds in the debt market, which include bonds raised by the US Treasury, state government bonds, as well as mortgage-backed bonds and bonds raised by companies will all find
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